Sri Lanka signs 20-year power deal with India's Adani Green
POWER & RENEWABLE ENERGY

Sri Lanka signs 20-year power deal with India's Adani Green

Sri Lanka has finalised a significant 20-year power purchase agreement (PPA) with India's Adani Green Energy Limited (AGEL), marking a significant stride in both nations' renewable energy ambitions.

The agreement, valued at $1.5 billion, entails the supply of 200 MW of renewable energy generated from a solar power plant to be constructed in the northern region of Sri Lanka. This collaboration underscores Sri Lanka's commitment to diversifying its energy mix and reducing dependence on fossil fuels.

The deal with AGEL is part of Sri Lanka's broader strategy to increase the share of renewable energy in its power generation mix, aligning with its sustainability goals. AGEL, a leading player in the renewable energy sector, brings substantial expertise and resources to the partnership, further strengthening bilateral ties between India and Sri Lanka.

This venture not only contributes to Sri Lanka's energy security but also facilitates economic growth and environmental sustainability. With the increasing emphasis on renewable energy globally, this agreement sets a positive precedent for future collaborations between nations in the pursuit of a greener and more sustainable future.

Sri Lanka has finalised a significant 20-year power purchase agreement (PPA) with India's Adani Green Energy Limited (AGEL), marking a significant stride in both nations' renewable energy ambitions. The agreement, valued at $1.5 billion, entails the supply of 200 MW of renewable energy generated from a solar power plant to be constructed in the northern region of Sri Lanka. This collaboration underscores Sri Lanka's commitment to diversifying its energy mix and reducing dependence on fossil fuels. The deal with AGEL is part of Sri Lanka's broader strategy to increase the share of renewable energy in its power generation mix, aligning with its sustainability goals. AGEL, a leading player in the renewable energy sector, brings substantial expertise and resources to the partnership, further strengthening bilateral ties between India and Sri Lanka. This venture not only contributes to Sri Lanka's energy security but also facilitates economic growth and environmental sustainability. With the increasing emphasis on renewable energy globally, this agreement sets a positive precedent for future collaborations between nations in the pursuit of a greener and more sustainable future.

Next Story
Infrastructure Urban

Canal Water Boost for Mudki

In a significant push for public health and urban development, MLA Rajneesh Dahiya has announced a Rs.280 million canal water supply project for Mudki town in the Ferozepur Rural constituency. The initiative aims to provide clean drinking water to every household within Mudki’s municipal limits. Speaking about the development, Dahiya said the project falls under the Centre’s AMRUT (Atal Mission for Rejuvenation and Urban Transformation) scheme and is being carried out with the support of Punjab Chief Minister Bhagwant Singh Mann and Local Government Minister Dr. Inderbir Nijjar. “This ..

Next Story
Infrastructure Transport

6 Tunnel Boring Machines Idle in Chennai

Six tunnel boring machines (TBMs) deployed by the Chennai Metro Rail Limited (CMRL) are currently lying idle beneath city roads, stuck in limbo due to delayed construction of underground stations at Moolakadai, Perambur, and Mandaveli. The TBMs, launched as part of Corridor 3 of the Phase II Metro project from Madhavaram to SIPCOT, have reached their designated stations but are unable to proceed as the station boxes are incomplete. Without a completed diaphragm wall or station box, the machines cannot break through or be dismantled for reuse. According to CMRL officials, the root of the dela..

Next Story
Infrastructure Transport

Mumbai Metro 3 Nears Launch

The Mumbai Metro Rail Corporation shared a sneak peek of the newly completed Acharya Atre Chowk station on Metro Line 3 (Aqua Line) this Sunday, drawing both praise and impatience from the public. Located on the 9.77 km stretch between Bandra Kurla Complex (BKC) and Worli, the underground station is part of a long-anticipated corridor that promises to ease traffic and boost east-west connectivity. The social media update, posted by the handle @MumbaiMetro3, featured images of the station’s sleek new interiors. But the post quickly sparked a flurry of comments, with several users demanding c..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?